Elche failed to meet the budgetary stability target of EUR 3.5 million by 2024

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Elche failed to meet the budgetary stability target of EUR 3.5 million by 2024

The City of Elche closed 2024 with a failure to meet the objectives of budgetary stability and the spending rule that amounted to 3.5 million euros, according to the fourth and last quarterly report of last year. The conscientious document issued by the municipal economic services also recalls that the municipal debt amounts to 25,2 million euros. Of these, 24,3 million euros are loans with banks and 950,000 euros are financial leases, such as l…